Hyundai Motor Group was the fourth largest global supplier of electric vehicles (EVs) in the first seven months of 2020, according to research carried out by the Korea Automotive Technology Institute.

The group's two main car brands, Hyundai and Kia, reported a 25% rise in global EV sales to 60,707 units with models such as the Hyundai Kona Electric and Ioniq and the Kia Niro and Soul Boxcar EV.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The increase was driven mainly by higher demand in Europe and South Korea. 

The global market leader in the seven month period was Tesla, with sales rising by 4% to 191,971 units, followed by Renault-Nissan with 86,189 units, down 5% year on year. The Volkswagen group was third with sales more than doubling to 75,228 units, while China's BYD Auto came in fifth despite a 63% drop in EV sales to 42,340 units.

Hyundai Motor Group was the leading global supplier of hydrogen fuel cell vehicles, according to the institute, with sales jumping by 60% to 2,879 units year to date, followed by Toyota with 439 sales, up 71% year on year.